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Pakistan Prime Minister Shehbaz Sharif had asked Trump for a two-week delay of his Iran deadline, and for the Strait of Hormuz to open for the same period.
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Investors around the world breathed a sigh of relief at the prospect of peace — and an easing of the global energy crisis.
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President Donald Trump agreed to the ceasefire with Iran after discussions with Pakistan Prime Minister Shehbaz Sharif.
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With Washington and Tehran each claiming victory, the agreement raised the prospect of some respite after nearly six weeks of bombing.
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The U.S. reached a last-minute ceasefire with Iran just before Trump's deadline for the country to meet his demands. And, Trump-backed Clay Fuller wins the U.S. House race in Georgia.
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Iran and the U.S. and Israel said they would suspend strikes but countries in the region continued to report attacks and Israel said it would not stop its assault in Lebanon.
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